Research Reports

NRB Bearings' Aerospace Ascent: When Precision Moves to the Skies

aerospace · M&A · precision manufacturing

Indong Tea — When Founders Part Ways

insider trading · founder reshuffle · micro-cap

Kalyan Jewellers: When Institutions Chase Digital Gold

Jewelry retail · Digital commerce · Institutional buying

WeWork India's Inflection: Margin Surge Meets Scale

flex space · commercial real estate · capacity expansion

CEAT's Billion-Rupee Bet: Capex at Peak Utilization

capex · capacity expansion · two-wheeler

PNB Gilts Q1 PAT ₹80.7 Cr, down ~50% YoY as bond trading gains fade; sharp QoQ rebound

WeWork India posts ₹4 Cr consolidated Q1 loss despite 28% YoY revenue growth

The Jain Reorganisation: Inside the Promoter Reshuffle at Southwest Exploration

CEAT Q1: consolidated PAT crashes to ₹4 Cr as RM inflation guts margins; revenue up 22%

Chembond Q1: consolidated PAT +52% YoY to ₹9.55 Cr on 32% revenue growth, margins widen

Waaree Energy Storage: India's Battery Manufacturing Inflection

BESS · battery storage · energy transition

Nelco Q1 consol PAT Rs 2.34 Cr up on one-off; underlying profit slips ~14% YoY

Jio Financial Q1: consolidated PAT ₹830 Cr, +156% YoY — but ~+9% underlying ex the ₹509 Cr dividend

KIZI Surges 24% on Promoter Warrant Conversion — Data Thin, Signal Clear

micro-cap · insider buying · warrant conversion

Alok narrows Q1 consolidated loss to ₹138 Cr as power, wage costs ease; revenue up 6.5% YoY

Hathway Q1: consolidated PAT falls 21% YoY to ₹24.6 Cr as pay-channel costs squeeze margins

Heritage Foods Q1: record revenue up 18% YoY but consolidated PAT slides 38% as milk costs bite

Tech Mahindra Q1: revenue +17.7%, EBIT +53% YoY; consol PAT ₹1,465 Cr up 28% but trails street

Smart Money's Bet — Newgen's SaaS Sprint Attracts Institutional Repositioning

SaaS · margin-expansion · institutional-positioning

Piramal Finance Q1: consolidated PAT ₹461 Cr, +67% YoY on a clean, one-off-free core

Polycab's Record Stride: Electrical Goods Lead the Margin Expansion

cables · electrical goods · fmeg

GNA Axles Q1 FY27: consolidated PAT up 66% YoY to ₹38.3 Cr as margins expand on 37% sales growth

BHEL swings to ₹377 Cr consolidated PAT from year-ago loss; revenue up 40%, beats street

Post-Drought Growth: SWREL's Egypt Wager and the Order Book Renewal

renewable energy · solar EPC · Egypt expansion

ITC Hotels Q1: consolidated PAT +36% YoY to ₹182 Cr on margin expansion, revenue +15%

Polycab Q1: consolidated PAT ₹797 Cr +33% YoY on 39% revenue jump, margins ease

Aurum PropTech's Housing.com Play: Building India's AI-Native Real Estate OS

M&A · Real Estate · Housing.com

Sterling & Wilson Q1: PAT ₹53 Cr up 38% YoY on lower tax; revenue down 10%, PBT off 24%

Newgen Q1: consolidated PAT +26% YoY to ₹62.8 Cr on margin expansion, US-led growth

Menon Bearings Q1: consolidated PAT +67% YoY to ₹14.1 Cr, revenue up 37%, margins expand